Reasons to Read

On June 18, 2024, Competera hosted Coresight Research for a webinar on the future of pricing in retail. Competera is a pricing solution company that empowers retailers to set and maintain optimal pricing in retail time using AI (artificial intelligence).

A Coresight Research survey found that, on average, 52% of retailers cannot execute at least 10% of their promotional campaigns properly, and retailers misprice 10% of their products in any given selling period. This presentation delves into the problem of ineffective pricing and promotion planning, leveraging our proprietary survey findings, and explores the importance and benefits of an optimal pricing strategy.

From the reality of AI (artificial intelligence)-driven pricing to the benefits of its adoption, discover how to transform your price planning operations with advanced technology!

Featured speakers during the webinar:

  • Alex Galkin, CEO & Co-Founder at Competera
  • Steven Winnick, Vice President of Innovator Services at Coresight Research
  • Manik Bhatia, Head of Custom Research at Coresight Research

Don’t miss out! Read the full presentation below.

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Reasons to Read

The 6.18 shopping festival is the second largest annual online shopping festival in China. We take a look at Chinese consumer spending and trends during the 2024 event, including sales model shifts, low-price strategies, new brands and livestreaming.

Data in this research report include:

  • Timing of the 6.18 shopping festival, by platform
  • Reported 6.18 performance data from Tmall and JD.com
  • Year-over-year growth in sales and daily active users on major platforms during the first phase of the 6.18 shopping festival 2024

Companies mentioned in this report include: Alibaba (Taobao/Tmall), Douyin, JD.com, Kuaishou, Pinduoduo

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Reasons to Read

First-party data (data collected directly from customers or users by a company or organization) present huge opportunities for US brands and retailers to enhance customer satisfaction, boost loyalty and drive revenue growth.

In this report, we delve into the ways in which first-party data can maximize the sustainable growth and long-term success of retail businesses.

Gain a strategic advantage in today’s hypercompetitive market landscape by understanding the power of first-party data and strategic partnerships with technology providers. From GenAI (generative artificial intelligence) to retail media to technology solutions such as CDPs (customer data platforms), explore the wide-ranging applications and business benefits of first-party data.

This report is produced and made available to non-subscribers of Coresight Research in partnership with Treasure Data, an AI (artificial intelligence)-powered customer data platform built for the world’s largest retailers and CPG companies.

Data in this research report include:

  • Global GenAI hardware and applications market size, 2024E–2028E
  • US retail media market size, 2022–2028E
  • B2B survey analysis—top-priority business aims, level of confidence regarding future customer loyalty, views on the skillsets of the C-suite
  • US consumer survey analysis—views on data privacy

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Reasons to Read

Welcome to Analyst Corner! Every Sunday, a member of the Coresight Research team discusses upcoming or recent research and their thoughts on interesting topics in their area of expertise.

We also highlight our key research from the past week and reports to look out for in the coming week, so you don’t miss out.

This week, Manik Bhatia, Head of Custom Research, discusses India’s quick-commerce market, considering its development, competitive edge and future prospects in the e-commerce space.

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Reasons to Read

The monthly Coresight Research US Retail Sales Outlook series tracks several major macroeconomic indicators and their likely effect on US retail sales. In this report, we analyze the latest available data as of June 20, 2024.

Data in this research report include:

  • Proprietary Coresight Research projections for retail sales growth by month for the next 12 months
  • US actual retail sales versus model-predicted sales
  • US unemployment rate and labor force participation rate
  • US average hourly wages for all private-sector employees
  • US annualized real disposable income per capita

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Reasons to Read

Our Three Data Points We’re Watching This Week series spotlights key data points from this week’s research.

Discover data points we are watching in week 25 of 2024, from our projections for the global generative AI market to trends in US beauty e-commerce.

Companies mentioned in this graphic include: TikTok

Dive into the full research reports behind these data points:

  1. AI Models: Risky Business—Navigating the Challenges of Using AI
  2. US CPG Sales Tracker: E-Commerce Growth Accelerates, But Not for Beauty
  3. Beauty Shopping in Focus—TikTok Gains in Latest Quarter: US Consumer Survey Insights
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Reasons to Read

Our Weekly US and UK Store Openings and Closures Tracker reports on store closures, openings and bankruptcies.

Data in this research report include:

  • Week-by-week comparisons of announced store closures and openings in the US and the UK: 2024 vs. 2023
  • Major US and UK store closures and openings, 2024
  • Major US and UK retail bankruptcies: 2024 and 2023

Companies mentioned in this research report include: Casey’s, JCPenney, Torrid, Walmart

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Reasons to Read

Continuing our US Back to School 2024 series of reports, we present our retail outlook for the back-to-school (BTS) season, including our spending projections.

What should retailers expect this season? Discover the consumer context and its implications for retail to get a step ahead.

Data in this research report include:

  • Estimated US BTS consumer spending, by category, 2020–2024E
  • Year-over-year (YoY) change in US retail sales—actual and projected, May 2023–May 2025E
  • Latest figures for leading indicators of US retail sales, including wages, unemployment rate, savings rate
  • Inflation—YoY change in US consumer prices for selected retail categories
  • Proprietary US consumer survey data—expectations for the state of personal finances and the economy; strategies to deal with inflation; BTS purchasing expectations

Companies mentioned in this report include: American Eagle Outfitters, Best Buy, Target, Walmart

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Reasons to Read

The Coresight Research and Circana monthly US CPG Sales Tracker provides our data-driven insights into online sales trends in the US CPG industry—covering the product categories of food & beverage, health & beauty, and general merchandise & homecare.

This edition of the report presents key insights for the four weeks ended May 19, 2024.

Data in this research report include:

  • CPG e-commerce, in-store and total sales growth
  • E-commerce CPG sales growth by category type
  • Food & beverage departments: e-commerce and total sales growth
  • Nonfood departments: e-commerce and total sales growth

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Reasons to Read

Beware the risks of AI (artificial intelligence) and generative AI (GenAI)! We offer a detailed overview of the challenges of using AI models, with recommended actions that retail companies should take to ensure that AI models operate effectively (producing reliable output) and are used responsibly.

Our insights span the four stages of AI implementation: pre-deployment, at the time of deployment, during deployment and after deployment.

Stay at the forefront of AI: read this report to gain a better understanding of training bias, model drift, hallucination and other critical concepts related to the use of LLMs (large language models).

This report is made available to non-subscribers of Coresight Research through its sponsorship by Intel.

Data in this research report include:

  • Estimated global GenAI hardware and applications market size and year-over-year growth, 2024–2028

Companies mentioned in this report include: Amazon, IBM, Microsoft, Salesforce, Walmart

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Reasons to Read

We analyze the recent performance of selected retailers, brands and e-commerce platforms (Coresight 100 companies mostly based in the US) in the first quarter of 2024, covering revenues, earnings per share and comps, considering consensus estimates and year-over-year changes.

Data in this report include:

  • Quarterly data from companies, including gross margins and sales data by brand (where applicable), channel and geography

Companies mentioned in this report include: Alibaba, Amazon, Bath & Body Works, Best Buy, Burlington Stores, Capri Holdings, CVS Health, Dollar General, Dollar Tree, Lowe’s, Macy’s, PVH Corp., Ross Stores, Tapestry, Target, Ulta Beauty, Under Armour, Walgreens Boots Alliance, Walmart

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Reasons to Read

The Coresight Research team attended and participated in the inaugural NRF 2024: Retail’s Big Show Asia Pacific (NRF APAC 2024) in Singapore, which ran June 11–13, 2024. Hosted by the National Retail Federation (NRF), the three-day event brought together retail technology innovators, industry experts, brands and retailers to participate in panel discussions, present on key topics in retail and showcase their solutions.

In this wrap-up report, we present insights from NRF APAC 2024. Dive into the future of retail, digital transformation and consumer-centric strategies, with highlights on the use of AI (artificial intelligence) and sustainable practices.

Companies mentioned in this report include: Amazon, Centric Software, Domino’s Pizza, Endeavour Group, Fast Retailing, NIKE, Ocado, PUMA, Zebra Technologies

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Reasons to Read

Coresight Research is a research partner of Shoptalk Europe 2024, which took place during June 3–5, 2024, in Barcelona, Spain. The annual event brings together retail and e-commerce professionals to discuss industry trends, innovations and challenges.

In this report, we present our top insights from this year’s event, covering topics such as artificial intelligence (AI) and generative AI (GenAI), unified commerce, retail media and new industry relationships, among others.

Companies mentioned in this report include: Amazon, Bata, Currys, H&M, IKEA, Instacart, Kingfisher, Mars, Mattel, Mytheresa, Omni Talk, Otto Group, Procter & Gamble, Victoria’s Secret, Walmart, Zalando

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